EXHIBIT 12.1
Parker Drilling Company
Computation of Ratio of Earnings to Fixed Charges

 
Fiscal Year Ended December 31,
 
2014
 
2013
 
2012
 
2011
 
2010
Pretax Income
48,537,886

 
52,787,710

 
70,977,206

 
(65,411,628
)
 
11,504,903

Fixed Charges
45,435,694

 
50,195,954

 
43,782,341

 
41,864,658

 
40,294,016

Amortization of Capitalized Interest
3,938,569

 
4,058,459

 
1,886,832

 
1,556,952

 
1,819,086

Capitalized Interest
(1,170,730
)
 
(2,375,946
)
 
(10,240,245
)
 
(19,271,105
)
 
(13,488,684
)
Earnings before Income Tax & Fixed Charges
96,741,419

 
104,666,177

 
106,406,135

 
(41,261,123
)
 
40,129,321

Interest Expense
44,264,964

 
47,820,008

 
33,542,096

 
22,593,553

 
26,805,332

Capitalized Interest
1,170,730

 
2,375,946

 
10,240,245

 
19,271,105

 
13,488,684

Total Fixed Charges
45,435,694

 
50,195,954

 
43,782,341

 
41,864,658

 
40,294,016

Ratio of Earnings to Fixed Charges
2.1x

 
2.1x

 
2.4x

 
(1
)
 
1x

(1)     For the year ended December 31, 2011, earnings were deficient to cover fixed charges by $41.3 million, which was primarily due to a pre-tax, non-cash charge to earnings of $170.0 million related to the impairment of our two Alaska rigs.